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Tata Steel raises daily oxygen supply to 600 tonnes

Tata Steel raises daily oxygen supply to 600 tonnes

Tata Steel on Monday said it has increased its daily oxygen supply limit to 600 tonne a day to health centres for the treatment of COVID-19 patients.

On the directions of the steel ministry, steel plants in the country are supplying liquid medical oxygen (LMO) to various states amid rising demand for the gas.

In a tweet, Tata Steel said, TataSteel has increased supplies of liquid medical oxygen to 500-600 tonnes per day with increased logistics support. We are closely working with GoI (Government of India) and states to augment the availability and save lives.”

Last week, a Tata Steel spokesperson had said the company was supplying 300 tonne of LMO daily to various states.

*View: Big Salute to the spirit of Tata*

Stock In News for 26th April 2021, Monday.

Stock In News for 26th April 2021, Monday.

*Balrampur Chini:* The Outlook on the long-term rating has been revised from Stable to Positive by CRISIL. (Positive)

*Wendt Q4:* Standalone Sales higher by 83 percent, PAT higher by 648 percent (Positive)

*Control Print Q4:* Profit at Rs 10.6 crore versus Rs 2.7 crore, Revenues at Rs 61.1 crore versus Rs 46.2 crore YoY (Positive)

*ICICI Bank:* The bank reported a net profit of Rs 4,402.6 crore in Q4FY21 as against Rs 1,221.4 crore while net interest income jumped to Rs 10,431 crore from Rs 8,928 crore, YoY. (Positive)

*Hester:* Company launched a range of Herbal Veterinary Products. (Positive)

*Ramco Systems:* Company established a subsidiary in Japan (Positive)

*Wipro* achieves Google Cloud Partner Specialization in Application Development (Positive)

*RK Forging:* Company has started commercial production of 7000T Press from its Plant-V, situated at Saraikala, Jamshedpur (Positive)

*JSW Energy:* The Barmer Plant successfully completed a best practice Five Star Occupational Health and Safety Audit conducted by the British Safety Council demonstrating. (Positive)

*JSW Steel* to supply 900 tonnes oxygen daily; estimates oxygen supply of 20,000 tonnes by April end. (Positive)

*Steel makers* supply 1.43 lakh MT medical oxygen since Sep 20: Official data. (Positive)

*Morepen Laboratories:* The company said its board will meet this week to consider fundraising. (Positive)

*Srei Infrastructure Finance:* The company’s wholly-owned subsidiary Srei Equipment Finance has received an expression of interest for capital infusion from Cerberus Global Investments (Positive)

*Hathway:* Company announced OFS upto 20.54 crore share with floor price Rs 21.5 per share (Neutral)

*Shalby:* Company announced OFS upto 58.1 lakh share with floor price Rs 111.0 per share. (Neutral)

*AB Capital Q4: Profit at Rs 3.7 crore versus Rs 2.8 crore, Revenues at Rs 49.0 crore versus Rs 44.5 crore YoY*. (Neutral)

*M&M Fin Q4: Profit at Rs 218.0 crore versus Rs 238.0 crore, Revenues at Rs 2895.0 crore versus Rs 2989.0 crore YoY*. (Neutral)

*HCL Tech Q4: Profit at Rs 2962.0 crore versus poll of Rs 3000.0 crore, Revenues at Rs 19641.0 crore versus poll of Rs 19824.0 crore*. (Neutral)

*IB Real Q4:* Profit at Rs 94.5 crore versus Rs 109.7 crore, Revenues at Rs 731.7 crore versus Rs 721.7 crore YoY (Neutral)

*Oriental Hotels:* The company reported a standalone net loss of Rs 4.64 crore in Q4FY21 as against a loss of Rs 18 lakh, YoY. Revenue fell to Rs 54.21 crore from Rs 72.20 crore, YoY. (Neutral)

*F M Goetze:* Company announced OFS upto 1.11 crore share with floor price Rs 250.0 per share. (Negative)

*Zuari Agro Chemicals:* The company’s NPK B Plant has been shut down since 24th April 2021 due to the unavailability of raw materials. (Negative)

Covid-19 Pandemic: Steel Plants In India Hike Oxygen Production Capacity

Covid-19 Pandemic: Against the2,834 metric tonnes of daily LMO production capacity in steel sector, as on April 24 it was 3,474 metric tonnes.

SBI CARDS: DUE TO COVID-19, IN QTR CREATED ADDITIONAL MANAGEMENT OVERLAY ON EXPECTED CREDIT LOSS ON LOAN BALANCES OF 2.97B RUPEES:sunny:SBI CARDS & PAYMENT: Q4 SL NET PROFIT 1.75B RUPEES VS 835.5M (YOY); EST 2.8B || Q4 REVENUE 23.09B RUPEES VS 24.33B (YOY)
HDFC LIFE Q4 : Net Profit Up 2 % to Rs 18 cr (YOY)

Net Premium income Up 22.6 % to Rs 12870 cr (YOY)

CASTROL INDIA Q4 : Net Profit up 92 % to Rs 240 cr (Yoy)

Revenue Up 65 % to Rs 1139 cr

BANK OF MAHARASHTRA: BOARD MEETING ON APRIL 29 TO CONSIDER THE PROPOSAL OF RAISING OF CAPITAL THROUGH FOLLOW-ON PUBLIC OFFER (FPO) / RIGHTS ISSUE / QUALIFIED INSTITUTIONAL PLACEMENT (QIP) ISSUE, PREFERENTIAL ISSUE OR ANY OTHER MODE

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